To: hman who wrote (70 ) 5/12/1998 7:53:00 PM From: Mr. Miller Read Replies (3) | Respond to of 6545
I think Charger is correct. When something moves or people think a company will begin to move, many will get in and if nothing happens, they will leave. You will have to demonstrate patience with this one. for it may not move anywhere for the next week or month. I believe it will definitely begin to move once announcing that TISS is up and running. Till then any news will probably just spike us temporarily. Tough call here, but I am willing to wait out no movement or little movement for what I see as a return in the 12 months to come and then the years after that. AS I stated in my last post, this is the type of stock that I was looking for in my aggressive arm of my portfolio. Sometimes, you have to be patient for them to pan out. If the wait becomes too long, you must bail or be willing to wait even longer. No movement by August and no announcement of TISS deal being completed(software up and running) in the next 45-60 days and I will most likely take my money elsewhere. I will not tolerate excessive delays and unkept promises. Looking at other companies like CRYP and SLOT, particularly CRYP, has demonstrated to me the potential return that we could realize. I was at first skeptical of the profit margins, but CRYP earned 12.2 million on 17.8 million in revenues FY ended 1997. That made a believer out of me. WINR could serve all and any online gaming company with its system of payouts. It is entirely possible that they will enjoy over 75% of the transactions slated to be over $10 billion in the year 2000. That means revenues of at least $75 million. Profits of nearly $55 million(70%) would produce eps of $5.00. P/E for this industry are tight to 20, so a $100 stock price by end of FY 2000 may not be too far-fetched. However, at this time, WINR has to move one step at a time, and let the other stuff take care of itself. Keep delivering deals and keep the system safe and secure. Get on Nasdaq. Give out the dividends. Patience will be rewarding here. I have been very lucky thus far. Last year I picked on MIOA and ABTX, but eventually focused on ABTX. In January of this year I picked up the internet stocks XCIT, MSPG, ELNK, and LCOS. I rode them about 90-100% before bailing out. This was long before their highs, but as you can see they are back down to where I sold them. Then I rode SMTR to about $7. I am out of that one. Then I rode DGIV to $7 1/4. I am out of that one. I got burned a little by GNNX, but bailed quickly in time to catch GLOW from .195 to .45. Here I am in WINR at 11/16. In the meantime I have been playing IDTC, but they are shuffling sideways here and alot will depend on quarterly coming out in a week or two. This is the type of stock I had been looking for. I found it VERY low and I am willing to wait a few months with no action for an incredible return over the next 24-36 months that I won't be able to get anywhere else, IMHO. Miller